Top 5-Year CD at Capitol Credit Union in Austin - Local Only

Capitol Credit Union is offering a very competitive 60-month CD and IRA CD with a 3.30% APY. The shorter terms are not as competitive. The best are the 4-year CD with a 2.78% APY and the 3-year CD with a 2.27% APY. Minimum deposit is $1,000. These rates are listed in the credit union's CD rates page as of 6/19/2010.

The credit union has its account disclosure online. Here are some of the important features to note about the credit union's CDs:

• Early withdrawal penalty is 180 days of interest based on the original deposit amount for CD accounts with original maturities of 1 year or more
• Grace period is ten days after maturity

Membership is open to those living, working, worshiping, attending school in Travis County, Texas. Please refer to the credit union's membership page for more details. Membership requires a savings account with a minimum deposit of $5 and a fee of $1.

Branches are located in Austin, Texas. The credit union is part of the Credit Union Service Centers which allows you to perform many transactions at other credit unions across the nation.

The credit union's ratings for safety and soundness are fair: 3 stars (adequate) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our Capitol Credit Union rates and reviews page). The above ratings are based on March 2010 data except for Bankrate which is based on 12/31/09 data. The credit union is federally insured by the NCUA (Charter # 67865).

Other Competitive CD and IRA CD Rates

It's hard to find 5-year CD yields above 3.00% these days. The best 5-year CD rates available nationwide are currently 3.15% APY at two banks and 3.29% APY at a credit union. To find more CD rates nationwide and in your state, please refer to the CD Rates section of DepositAccounts.com.